Penobscot Investment Management Company Inc. Has $4.36 Million Holdings in Tetra Tech, Inc. $TTEK

Key Points

• Penobscot Investment Management Company Inc. reduced its holdings in Tetra Tech, Inc. by 7.4%, now owning 121,355 shares valued at approximately $4.36 million.
• Analysts have mixed ratings on Tetra Tech, with a consensus rating of "Hold" and a price target of $41.00, after recent adjustments to their ratings.
• Tetra Tech reported earnings that exceeded expectations, with $0.43 EPS for the last quarter and given guidance for FY 2025 of $1.490-$1.540 EPS.

Penobscot Investment Management Company Inc. cut its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,355 shares of the industrial products company's stock after selling 9,750 shares during the quarter. Penobscot Investment Management Company Inc.'s holdings in Tetra Tech were worth $4,364,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Chilton Capital Management LLC bought a new stake in Tetra Tech in the 1st quarter valued at $25,000. Central Pacific Bank Trust Division bought a new position in Tetra Tech during the 2nd quarter valued at about $32,000. Baillie Gifford & Co. bought a new position in Tetra Tech during the 1st quarter valued at about $27,000. SVB Wealth LLC acquired a new stake in Tetra Tech in the 1st quarter valued at about $36,000. Finally, Geneos Wealth Management Inc. increased its position in Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 751 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Tetra Tech in a research report on Saturday, September 27th. Wall Street Zen cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday. Royal Bank Of Canada set a $47.00 price target on shares of Tetra Tech and gave the company an "outperform" rating in a report on Monday. KeyCorp boosted their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Northcoast Research restated a "neutral" rating on shares of Tetra Tech in a report on Wednesday. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $41.00.

Tetra Tech Stock Up 0.2%

Shares of NASDAQ TTEK opened at $33.74 on Friday. The company has a 50 day simple moving average of $35.88 and a 200 day simple moving average of $34.39. The firm has a market cap of $8.87 billion, a PE ratio of 42.18 and a beta of 0.94. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The firm's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business earned $1.59 EPS. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. On average, research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.065 per share. The ex-dividend date was Friday, August 15th. This represents a $0.26 annualized dividend and a yield of 0.8%. Tetra Tech's dividend payout ratio (DPR) is presently 32.50%.

Insider Transactions at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total value of $86,040.00. Following the completion of the sale, the director owned 37,725 shares in the company, valued at $1,358,100. The trade was a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.40% of the company's stock.

Tetra Tech Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.

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